Jenrick joins Reform UK after being sacked from Tory shadow cabinet
Conservative leader Kemi Badenoch had ousted former leadership rival for ‘plotting’ to defect
Arab governments believe US-Iran tension ‘de-escalated’
Washington imposes new sanctions on Tehran as military personnel and aircraft carrier movements keep region on edge
Jenrick defection redraws battle lines on right of British politics
Move raises questions about whether former Tory’s arrival will be a help or a hindrance to Nigel Farage
US bank results as it happened: Goldman’s equities traders recapture Wall Street crown
Best year for investment banking since 2021 on busy day of earnings
Goldman and Morgan Stanley investment bankers ride dealmaking wave
Chief David Solomon says Goldman had largest backlog of deals since pandemic
Solomon’s third act at Goldman Sachs may be the most dramatic
Wall St chief wants AI to reshape the bank but the question is how exactly it will measure success
Is it too late to save the planet? You asked, we answered
The FT’s business columnist Pilita Clark, and climate correspondent Attracta Mooney answered reader questions
Whitehall’s blame game: ministers vs mandarins
Also in this week’s newsletter, why hard choices keep losing at the ballot box
Six films to watch this week
‘The Voice of Hind Rajab’ is a ★★★★★ drama based on a real-life phone call from a trapped five-year-old in Gaza; Ralph Fiennes stars in zombie sequel ‘28 Years Later: The Bone Temple’; Brendan Fraser plays an actor for hire in ‘Rental Family’; Chloé Zhao’s ‘Hamnet’ is a slick weepie starring Paul Me
UK economy beat expectations to grow 0.3% in November
Figure marks rebound from previous month’s contraction
FT quiz: the week in news
Ten topical questions to test your news nous
Oil prices tumble as fears of US action in Iran ease
Brent crude falls nearly 5% as oversupply fears return
Rental Family — Brendan Fraser exports his charm in Tokyo-set feelgood drama
The American star plays an expat actor playing roles that fulfil an emotional need in a gooey film of clashing cultures
The Voice of Hind Rajab — Gazan girl’s last words become a film of impossible urgency
The real call made by the trapped five-year-old is the basis for a wrenching drama that is both eulogy and protest
How Iran’s Islamic revolution devoured itself
Iranians have not become monarchists — they are seeking anyone who can replace a despotic regime at war with its own people
Small nuclear reactors are worth the wait
Compared to other clean energy sources, the value of SMRs lies in scale not speed
Trump threatens to deploy military to Minnesota after ICE shooting
Tensions remain high in the state following last week’s killing of a protester by a federal immigration agent
Labour to avoid risk of at least 9 council losses by delaying May elections
At least 175 of party’s councillors due to face voters will serve for another year
Nato troops to be in Greenland on ‘more permanent’ basis
Some European countries are sending soldiers to the Arctic island after Donald Trump intensified threats to take control
Lebanon’s bonds rally on bets that Iran’s influence could be weakened
Defaulted debt jumps more than 25% as investors hope protests will reduce support for groups such as Hizbollah
UK lowers threshold to bring older reservists back into service in event of war
New measures aim to make it easier to call up tens of thousands of ex-military personnel
SpaceX partner EchoStar struggles to reach escape velocity
Charlie Ergen’s future will probably be guided by what happens to Elon Musk’s company
Britain’s business rates system is not fit for purpose
Temporary reliefs are a sticking plaster for a tax that needs reform
Venezuela needs predictability — not predation
To rebuild the energy sector, the country needs a credible, legitimate government investors can trust